December 7, 2021

December 7, 2021

Stocks closed up for a second day, continuing their rebound from a recent rough patch, as investors grew less fearful of the potential economic impact from the new omicron coronavirus variant.

 

Dow Jones finished +492 at 35,719

S&P 500 finished +95 at 4,686

NASDAQ finished +462 at 15,686

 

The 10 Year Treasury closed up 4 basis points yielding 1.48%

Oil prices closed up $1.98 ending at $71.47 a barrel.

Gold prices closed up $7.00 ending at $1,786 an ounce.

 

In the days’ stock news:

 

  • AutoZone closed up 7.8% after the auto parts retailer reported a better-than-expected quarterly report. The company posted a quarterly profit of $25.69 per share and comparable-store sales jumped 13.6%.
  • Intel closed up 3% after the chipmaker announced plans to take its self-driving car unit public in mid-2022. The company acquired Israeli self-driving firm Mobileye in 2017.

 

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